GBP/USD -Flirting Resistance *W
Updated
- Great British Pound seen on a more broader picture of
Weekly Time-frame *W (tf) .
Flirting with Trendline Resistance that rejected price action
on 4 times of interactions previously.
Fakeout occurance would be put to stop by 200EMA coming down as
Resistance Ceiling for GBP/USD
Breakout of Trendline + 200EMA re-testing them as Supports would give
much more room for growth regarding GBP
Below Supports
- Daily Order-Block *D OB
- Last Higher Low at 1.18$
- Weekly Order-Block *W OB
TRADE SAFE !
*** Note that this is not Financial Advice !
Please do your own research and Consult your own Financial Advisor
before partaking on any trading activity based soly upon this Idea.
Note
PoC on *W
Point of Control of VRVP Volume Profile set on Weekly (tf)
Coinciding with the *Daily OB
Note
Trend Fibb' Retracement
Reclaiming Golden Zone would re-claim strenght.
Lose the 0 zone and breaking last Higher Low would Change the Character (CHoCH)
of current Uptrend
TRADE SAFE
Note
Bulls showing weakness on *W print.
Can as well be the case of uptrend continuation.
Yet to be seen ;
Note
GGBP/USD (updated)
*W (tf) - Macro Flirting Trendline Resistance break out.
Strong Bullish Candlestick break-out (price action)
Volume break-out below average
Note
GGBP/USDPost Trendline Resistance Break-out
Forming a Bull Flag so far ( on the yellow)
More confirmation awaiting regarding the Resistance break out
Note
Zoomed in on Bull FlagNote
GGBP/USD Bull Flag break-out
Note
GGBP/USDLooking for bounce continuation on BoS level
Support below the broken trendline.
If that fails to hold, downside resumption will take control
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.